LK Bennett’s first bricks-and-mortar store which opened in 1990 will close its doors on October 29.
Linda Bennett founded the company after investing £13,000 of her savings and a £15,000 bank loan to open the store.
According to Drapers, LK Bennett said the store in Wimbledon, south-west London, is closing due to the landlord raising the rent by 45 per cent.
The brand will continue to be available in Wimbeldon’s Ely’s department store, as well as other standalone locations in London.
LK Bennett’s Chinese franchise partner Byland UK’s boss Rebecca Feng agreed to buy the retailer after it fell into administration in March.
As a result of the administration, 21 LK Bennett stores in the UK shut – resulting in around 110 job losses.
LK Bennett confirmed it has no more closures planned and will continue to trade in standalone stores, concessions and online.